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Sep 25, 2012
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all kinds of things to try to deal with the deficit problem and these protesters are unhappy with the cuts that have happened. they don't want to see more of them on thursday. they need to do something. back to you. >> who are these people in the streets? >> that is a good question. most protests that you see in europe are orchestrated by the unions. this was more about younger people being out there. this was not organized by the unions even though they have been activity with protests in madrid as well. they have unemployment that is extremely high. >> live from madrid, spain. none of this seems to be scaring off veteran money manager, ken heebner. we'll hear this story in a few moments. please stay with us. >>> well, the pictures in spain contributed to the sell-off today. the dow dropped down to over 100 points. ken, great to have you. let me just have you, does it throw a monkey wrench into your optimistic monkey view? >> no. i think they are all agreed on a program to have more them doing the os teterity they are doing, they are going to support the ability of these countries to
all kinds of things to try to deal with the deficit problem and these protesters are unhappy with the cuts that have happened. they don't want to see more of them on thursday. they need to do something. back to you. >> who are these people in the streets? >> that is a good question. most protests that you see in europe are orchestrated by the unions. this was more about younger people being out there. this was not organized by the unions even though they have been activity with...
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Sep 27, 2012
09/12
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that tax increase only pays for 8 percent of the proposed deficit spending. that's not a ticket to recovery. >>neil: you have made the argument clearly, the rap against the guys at the top of your ticket, he is not, he is very smart, he knows what he is doing, et cetera, but he lacks the passion, and i am sure you heard the stories that a number of g.o.p. money guys and operatessives have said, get ryan out there, get him going. is that true in is this part of an effort to showcase the passion of the ticket? >>guest: i do so many tv interviews, i have done over 100. i am doing them regional, and i'm talking to richmond, dayton, to wisconsin tv, colorado springs, yesterday, and ft. collins. >>neil: are you troubled by the wisconsin poll, and they are just polls, but for -- this is a snapshot of the moment -- but trailing further. >>guest: i don't believe the validity of that poll. here the deal, we are going to give the country a choice. the country deserves to have a choice. the choice we are offering is, do you want the traditional american idea of limited g
that tax increase only pays for 8 percent of the proposed deficit spending. that's not a ticket to recovery. >>neil: you have made the argument clearly, the rap against the guys at the top of your ticket, he is not, he is very smart, he knows what he is doing, et cetera, but he lacks the passion, and i am sure you heard the stories that a number of g.o.p. money guys and operatessives have said, get ryan out there, get him going. is that true in is this part of an effort to showcase the...
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Sep 25, 2012
09/12
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the reason was if he made them a permit, you would bust the deficit. it is time to let those tax cuts expire for those making more than $500,000. if they go back to where they were, we were in belt largest expansion in the history of the united states. fix medicare. allow negotiations for prescription drugs. that will save $240 billion over 10 years, and finally, takeaway subsidies from the big oil companies. they are very profitable, but they do not need our help. what you end up with then is not a $1 trillion problem. you end up with a problem in the $200 billion range. raising the ceiling, a default for the nation. he spoke out against the fairfax chamber and other chambers, and now he is saying, "wait a minute. we cannot make cuts." when he is running as the guy who wants to make cuts. he has more sides then a rubik cube. >> what your so-called plan would do to jobs. i think you should be taking into account what the impact is on jobs, and our economy, which is a major, major concern. you talked about bob mcdonnell and eric cantor. what they did wa
the reason was if he made them a permit, you would bust the deficit. it is time to let those tax cuts expire for those making more than $500,000. if they go back to where they were, we were in belt largest expansion in the history of the united states. fix medicare. allow negotiations for prescription drugs. that will save $240 billion over 10 years, and finally, takeaway subsidies from the big oil companies. they are very profitable, but they do not need our help. what you end up with then is...
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Sep 25, 2012
09/12
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higher deficits can do more damage. you know, the fact is, right now, i would recommend president obama use it in the debate. it is one of the reasons why we have the deficits. that is what they are doing. and so there is not corporate revenue being taxable revenue. the president's plan has been a little bit of moving pieces. they cut the rate to 28%. the president's position is that we should start from the position. we have the lowest corporate revenue to gdp that you could imagine with the highest rate. it is a five alarm fire at the way to address that is to increase taxes. >> i wanted to have a follow-up. i heard the interview last night, playing upper income and middle and come. -- income. they would not see their taxes changed overall. he talked about loopholes but did not go into specifics. help us understand what the dividing line is between middle income and upper income in his mind. >> i am not a psychic, it is not a conversation i have had. it is definitely where you draw the line between upper and middle in
higher deficits can do more damage. you know, the fact is, right now, i would recommend president obama use it in the debate. it is one of the reasons why we have the deficits. that is what they are doing. and so there is not corporate revenue being taxable revenue. the president's plan has been a little bit of moving pieces. they cut the rate to 28%. the president's position is that we should start from the position. we have the lowest corporate revenue to gdp that you could imagine with the...
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Sep 26, 2012
09/12
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, debt and deficit given that we have the employment crisis and much of the reason is the new look at the states they thought of as a target of violent hampshire this is just an issue that resume sit it is almost a kind of psychic quality that resonates and i think that that is one thing to keep in mind and you have these kind of strands that do not always come here and a way that works for you if you are a candidate so that is wanting to keep in mind. it's interesting to think about when you have this kind of stagnation for the high end but a broad swath of the electorate. what does it mean. one thing it means is this not enrollment in the last two or three years to get medicaid. when bill clinton gave a talk at the democratic national convention to was incredibly shrewd because he didn't talk about medicare they talk about medicare it's a real wedge into the numbers between the two campaigns. a really is medicaid and it's a lot of white working-class folks as well as the underrepresented minority backgrounds as well. so, i think that when you think about how the republicans need to
, debt and deficit given that we have the employment crisis and much of the reason is the new look at the states they thought of as a target of violent hampshire this is just an issue that resume sit it is almost a kind of psychic quality that resonates and i think that that is one thing to keep in mind and you have these kind of strands that do not always come here and a way that works for you if you are a candidate so that is wanting to keep in mind. it's interesting to think about when you...
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Sep 29, 2012
09/12
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problem as he did when he solved the problems of the olympics and came into massachusetts and turned deficits into surpluses, and that he actually is committed to doing this, and that he will do it because he has a record of fulfilling the commitments he makes to solve problems. i think that's what -- what he will try and convey. >> let's talk about libya for a moment. you've gone on the recording saying ambassador stevens suffered the consequences, in your words, of a lazy, detached president. that's tough criticism out there. >> that's right. >> why do you stand by that? >> well, look, what we have is a situation all over the middle east, and you showed some clips of what's happening in pakistan. we have -- we have taken a difficult situation and turned it into a disaster, because we have a president that thought he was somehow going to charm that part of the world into loving america. what he's done is increased the antagonism toward america there by having a failed foreign policy. and harry truman used to say, "the buck stops here" talking about the presidency. and the buck should stop at
problem as he did when he solved the problems of the olympics and came into massachusetts and turned deficits into surpluses, and that he actually is committed to doing this, and that he will do it because he has a record of fulfilling the commitments he makes to solve problems. i think that's what -- what he will try and convey. >> let's talk about libya for a moment. you've gone on the recording saying ambassador stevens suffered the consequences, in your words, of a lazy, detached...
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Sep 28, 2012
09/12
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president obama said he would cut the deficit in half in his first term. he gave us $6 trillion in new obama debt, in four years. he called push unpatriotic and irresponsible for $4 trillion in debt in eight years. so why would we expect he's going to keep his promise on any of these things? >> well, sean, you and i know about this time four years ago the economy collapsed. it was the result, i believe, and the president believes, of failed policies of george bush. that's what he walked into. very different world than anything in the campaign. here's what he did. he walked into office. we were shedding 750,000 jobs a month. you know all this. >> sean: wait a minute. >> let me finish. now we've created 5 million jobs over four years. >> sean: that's not true. that's not true, sir. sir, there are fewer americans working than when he took office. that is a fact. you get it right from the bureau of labor and statistics. here's the point, when he ran in 2008 he said it's the worst economy since the great depression. he told it was bad. he said and projected tha
president obama said he would cut the deficit in half in his first term. he gave us $6 trillion in new obama debt, in four years. he called push unpatriotic and irresponsible for $4 trillion in debt in eight years. so why would we expect he's going to keep his promise on any of these things? >> well, sean, you and i know about this time four years ago the economy collapsed. it was the result, i believe, and the president believes, of failed policies of george bush. that's what he walked...
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Sep 30, 2012
09/12
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having deficits. remember, there was a trillion dollars in debt before we got here. that's got to be paid by our children and grandchildren, too, if we don't do it. and i'm hoping we can start some payments on it before we get through here. that's why i want another 4 years. >> well, we have time now, if you'd like to answer the president's question, or whatever rebuttal. whatever rebuttal. >> well, we've just
having deficits. remember, there was a trillion dollars in debt before we got here. that's got to be paid by our children and grandchildren, too, if we don't do it. and i'm hoping we can start some payments on it before we get through here. that's why i want another 4 years. >> well, we have time now, if you'd like to answer the president's question, or whatever rebuttal. whatever rebuttal. >> well, we've just
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Oct 3, 2012
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by roughing up romney on the idea he will hurt the middle class. >> he says he will cut the deficit, please. he wants $2 trillion in new defense spending that the pentagon didn't ask for. $5 trillion tax cut, future of the wealthy. >> reporter: the claim is complicated by the way biden framed the argument. >> how they can justify raising taxes in the middle class has been buried the last four years. how in lord's name can they justify raising their taxes? >> obama officials today insisted that was not a gaffe, biden clarified. >> the middle class was buried by the policies of romney and ryan supported. >> republicans like rubio are off to the races. >> those happen to be the words that the distinguished vice president of the united states mr. joe biden. no, don't boo. he is the best thing we've got going, guys. >> reporter: now denver has always been big for this president. in 2008 is where he launched the hope and change in front of the great columns of the democratic convention. 2009. this is where he signed the stimulus in law. tonight, he puts it all on the line trying to make hi
by roughing up romney on the idea he will hurt the middle class. >> he says he will cut the deficit, please. he wants $2 trillion in new defense spending that the pentagon didn't ask for. $5 trillion tax cut, future of the wealthy. >> reporter: the claim is complicated by the way biden framed the argument. >> how they can justify raising taxes in the middle class has been buried the last four years. how in lord's name can they justify raising their taxes? >> obama...
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Sep 30, 2012
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it was $200 billion deficit instead. and now we have a major question facing the american people as to whether we'll deal with this deficit and get it down for the sake of a healthy recovery. virtually every economic analysis that i've heard of, including the distinguished congressional budget office, which is respected by, i think, almost everyone, says that even with historically high levels of economic growth, we will suffer a $263 billion deficit. in other words, it doesn't converge as the president suggests. it gets larger even with growth. what that means is that we will continue to have devastating problems with foreign trade. this is the worst trade year in american history by far. our rural and farm friends will have continued devastation. real interest rates -- the real cost of interest -- will remain very, very high, and many economists are predicting that we're moving into a period of very slow growth because the economy is tapering off and may be a recession. i get it down to a level below 2% of gross nation
it was $200 billion deficit instead. and now we have a major question facing the american people as to whether we'll deal with this deficit and get it down for the sake of a healthy recovery. virtually every economic analysis that i've heard of, including the distinguished congressional budget office, which is respected by, i think, almost everyone, says that even with historically high levels of economic growth, we will suffer a $263 billion deficit. in other words, it doesn't converge as the...
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Sep 28, 2012
09/12
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one of the toughest pieces of legislation that i had to pass of a deficit and re reduction a, we got it back from the senate 45 billion, and by time it of 40 billion its was a huge lift. neil: did you it and you are proof that you know that kind of stuff can get done, you both, serve your country admirably, have you have to go back to washington, and fix this. thank you very much. >> you're welcome. neil: we'll have more right after this. i know the name of eight princesses. i'm an expert on softball. and tea parties. i'll have more awkward conversations than i'm equipped for because i'm raising two girls on my own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. pettus. >> you might not believe this but as a kid i would have to explain a bad grade to my parents. i came up with duties. one time i said this teacher was ridiculously tough. trying to make lemonade i remi
one of the toughest pieces of legislation that i had to pass of a deficit and re reduction a, we got it back from the senate 45 billion, and by time it of 40 billion its was a huge lift. neil: did you it and you are proof that you know that kind of stuff can get done, you both, serve your country admirably, have you have to go back to washington, and fix this. thank you very much. >> you're welcome. neil: we'll have more right after this. i know the name of eight princesses. i'm an expert...
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Oct 2, 2012
10/12
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then on top of it, you have the deficit, which is like a trillion and a half every year. i mean, we are talking about a lot of money, and on top of it, this country doesn't have a budget for three years, we've been waiting for a budget. there is no budget. how do you operate that way? >> brian: that's a failure for the president, don't you agree? >> everyone in washington it's a failure. if congress cannot get their act together and look at this, if you can not get immigration reform done which they have been talking about ever since i've gotten into office, they've talked about immigration reformment nothing gets done. every year they say, next year is an election coming up. hello? of course there is an election coming up because that's the way the united states constitution is. every two years we have an election. >> gretchen: republicans put together a budget and harry reid has not put together a budget and the president's budget was voted down unanimously a no. >> steve: it's a great book, check it out. it's out right now by governor arnold schwarzenegger. >> brian: l
then on top of it, you have the deficit, which is like a trillion and a half every year. i mean, we are talking about a lot of money, and on top of it, this country doesn't have a budget for three years, we've been waiting for a budget. there is no budget. how do you operate that way? >> brian: that's a failure for the president, don't you agree? >> everyone in washington it's a failure. if congress cannot get their act together and look at this, if you can not get immigration...
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Sep 28, 2012
09/12
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one of the toughest pieces of legislation that i had to pass of a deficit and re reduction a, we got it back from the senate 45 billion, and by time it of 40 billion its was a huge lift. neil: did you it and you are proof that you know that kind of stuff can get done, you both, serve your country admirably, have you have to go back to washington, and fix this. thank you very much. >> you're welcome. neil: we'll have more rig with the spark miles card from capital one, thor's couture gets the most rewards of any small business credit card. your boa! [ garth ] thor's small business earns double miles on every purchase, every day! ahh, the new fabrics, put it on my spark card. [ garth ] why settle for less? the spiked heels are working. wait! [ garth ] great businesses deserve the most rewards! [ male announcer ] the spark business card from capital one. choose unlimited rewards with double miles or 2% cash back on every purchase, every day! what's in your wallet? [ cheers and applause ] has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it mak
one of the toughest pieces of legislation that i had to pass of a deficit and re reduction a, we got it back from the senate 45 billion, and by time it of 40 billion its was a huge lift. neil: did you it and you are proof that you know that kind of stuff can get done, you both, serve your country admirably, have you have to go back to washington, and fix this. thank you very much. >> you're welcome. neil: we'll have more rig with the spark miles card from capital one, thor's couture gets...
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Oct 1, 2012
10/12
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it's going back to a time of constrained resources, budget deficits and deficits, then -- budget deficits, then we need to make sure we are receiving their return on those funds. host: but what is the process of approval for the state and federal levels? guest: if it is formula funds, is pretty much up to the states. they do this for highway entry and then for projects. it is preparing a list of projects that technically have to be approved, making sure they meet federal standards and criteria. but it is not a strategic program, but just a list of projects. in the case of discretionary grants, and the new starts program being a big element of that, this is a resource process. something that the criteria that applied in making a decision about money to new york or money to denver, sometimes those criteria are too rigorous, not per bree, etc. it is a very extensive -- not appropriate, etc. it is a very extensive and respect application. these projects often take 10 years, 15 years, 20 years in some cases to be completed. there has to be some degree of the assurance that the federal funds wi
it's going back to a time of constrained resources, budget deficits and deficits, then -- budget deficits, then we need to make sure we are receiving their return on those funds. host: but what is the process of approval for the state and federal levels? guest: if it is formula funds, is pretty much up to the states. they do this for highway entry and then for projects. it is preparing a list of projects that technically have to be approved, making sure they meet federal standards and criteria....
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Oct 2, 2012
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we are going to beat the one 112 congress and also identify some of the deficits. we are going to do my speaking portion very quickly because it's really interesting is of course a panelist on to say. to mr. for introducing them. on my right is hugh halpern, staff director for the u.s. house of representatives committee and rules. on the committee is served us chief advisor. immediately to my left is jim harper, director of policy studies at the cato institute and also the founder of washington watch.com, which keeps a close eye on legislation and federal funding. jenna sasser to mention washington watch.com at least several times during the course of this presentation. last but not least is john wonderlich, policy director at all about transparency guide. that is his official title. more information about today's panel under chairs and also at transparency cockiest.org. i would like to thank representative issa andrew gray, cochairs of the congressional congress for giving us the space to have >> thanks, daniel. thanks to you and the advisory committee and the sun
we are going to beat the one 112 congress and also identify some of the deficits. we are going to do my speaking portion very quickly because it's really interesting is of course a panelist on to say. to mr. for introducing them. on my right is hugh halpern, staff director for the u.s. house of representatives committee and rules. on the committee is served us chief advisor. immediately to my left is jim harper, director of policy studies at the cato institute and also the founder of washington...
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Sep 27, 2012
09/12
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that is a fundamental structural shift and it is produced -- it has produced record-setting deficits and putting us in a path of greece and where much of europe are. the economy is teetering on the edge of recession. the were seen can do is jacked up taxes on small businesses and entrepreneurs or job creators. that makes it all the more likely to push us into a recession. and for the 23 million people who struggling for work, the worst thing to do is hurt the small businesses that create those jobs. >> it is fair to say that the president has reduced taxes. he has reduced taxes for small businesses 18 times. he cut taxes for '95 -- for 95% of families out there. the question is do we ask everybody to sacrifice? when you look at the marginal rate in the united states, when ronald reagan took office, the marginal office with 71% to 72%. it is interesting to me that the greatness that people speak of in terms of the united states, when we talk about the 1940's, the 1950's, the 1960's, 1970's, the marginal rate that folks paid was much greater. nobody says we will go back to that. at the
that is a fundamental structural shift and it is produced -- it has produced record-setting deficits and putting us in a path of greece and where much of europe are. the economy is teetering on the edge of recession. the were seen can do is jacked up taxes on small businesses and entrepreneurs or job creators. that makes it all the more likely to push us into a recession. and for the 23 million people who struggling for work, the worst thing to do is hurt the small businesses that create those...
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Sep 25, 2012
09/12
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if we want to look at the deficit, everybody knows the problem with the deficit. who do we think is more likely to deal with the deficit? someone who has run it up over a trillion dollars every year he has been in office? is that too is going to do it to? or do we think governor romney, a businessman who is committed to fiscal responsibility is going to do it? who is going to do it to? if the barack obama is in the white house four years from now, he will have appointed one half of all federal judges and he will have changed the complexion of the added states supreme court for decades. can we stand that in this country? is that what we want to? no. foreign affairs. the president of the united states went to new york today, yesterday. other presidents have gone to meet with world leaders to sit down with the israelis and other allies, people who he needs to understand. and interesting article this morning about his failure to do that. he went to new york not to meet with world leaders, he is on "the view." [booing] what a sense of priorities. he said after our amba
if we want to look at the deficit, everybody knows the problem with the deficit. who do we think is more likely to deal with the deficit? someone who has run it up over a trillion dollars every year he has been in office? is that too is going to do it to? or do we think governor romney, a businessman who is committed to fiscal responsibility is going to do it? who is going to do it to? if the barack obama is in the white house four years from now, he will have appointed one half of all federal...
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Sep 27, 2012
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he promised to cut the deficit at the end of his first term. he's blown a hole in the deficit large enough to drive a mack truck through. >> sean: i want to go to ralph's point here. this president said the republicans want dirty air and water, that mitt romney is pretty much a murderer, they want kids with autism, down syndromes and the elderly to fend for themselves. this president has never been asked why he said those things and why he believes them. >> it's simple. there's 23 million giving up looking for work. you engage in personal attacks on your opponent. it's not going to work. i'll tell you why, it's not going to work because the failed economic record of this president, and it's not going to work because he's out of step with the values of mainstream perq. it doesn't how much they try to smear romney's faith, those personal attacks -- >> sean: he agree. >> when senator reid said this, and i don't think it was fortunate to say this, but when he said this about mitt romney's faith, we come after him, how come it was okay to for john b
he promised to cut the deficit at the end of his first term. he's blown a hole in the deficit large enough to drive a mack truck through. >> sean: i want to go to ralph's point here. this president said the republicans want dirty air and water, that mitt romney is pretty much a murderer, they want kids with autism, down syndromes and the elderly to fend for themselves. this president has never been asked why he said those things and why he believes them. >> it's simple. there's 23...
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Oct 3, 2012
10/12
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or if i can figure out if it adds up and not add up to the federal deficit. i think president obama needs to make his points very clear and concise and not try to give us too many soundbytes. first of all, he should say my policies helped to end the greatest economic disaster since the great depression. then, number two, he should stress that we've created more than five million jobs. those job numbers have been revived, of course. the president needs to be clear that his policies and the policies that he has proposed to congress that congress will not deal with because they're more focused on theron re-election and not focused on getting the american people back to work. he said his policies will continue to bring about jobs. it will fasten economic growth in this country, and that he has a plan to deal with the federal deficit as well. i think the president can say that. >> as long as we don't have a wardrobe malfunction, we're good. >> we'll keep it rated g. anna, what are some of the pit falls that romney has to avoid here, because, you know, both candida
or if i can figure out if it adds up and not add up to the federal deficit. i think president obama needs to make his points very clear and concise and not try to give us too many soundbytes. first of all, he should say my policies helped to end the greatest economic disaster since the great depression. then, number two, he should stress that we've created more than five million jobs. those job numbers have been revived, of course. the president needs to be clear that his policies and the...
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Oct 2, 2012
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it seems do-able on paper, but, remember, a a lot of daylight on deficit reduction between republicans and democrats such as would gets the tax cuts and what and how federal government should be cut. those are and will be pitched battles on capitol hill. >>neil: ahead the debate, we will just say our denver fans are out in force. they must have known i would be wearing body paint. they heard that neil cavuto is coming to town and boy do we have great debate coverage planned for them and all of you at 4:00 p.m. eastern. in florida, republican congressman west has been making news and we have former governor wilder, and former governor giuliani and former debt commission co-chair, alan simpson and sarah palin joining us, home depot founder, the democratic mayor of los angeles, as well. watch us. you can tivo bret baier. he is okay with it. the guy is a saint. a saint. anyway, bucking china in the buckeye state. telling companies to lay off the lay off notices five weeks ahead of the election. do you notice a pattern here? we do. you report. you decide. the world needs a broader mix of en
it seems do-able on paper, but, remember, a a lot of daylight on deficit reduction between republicans and democrats such as would gets the tax cuts and what and how federal government should be cut. those are and will be pitched battles on capitol hill. >>neil: ahead the debate, we will just say our denver fans are out in force. they must have known i would be wearing body paint. they heard that neil cavuto is coming to town and boy do we have great debate coverage planned for them and...
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Oct 3, 2012
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i think is liberal to cut taxes when you are operating a deficit, because you are spending money. >> i do not think your labels mean a lot. what i have said from the beginning -- the centerpiece of our problems is the national debt. we simply have to look at this. whether we do it this year because of the way our economy is or next year, $2.3 trillion. >> i want you to respond to this. >> i'm glad there is a clear contrast between the two of us. i do not believe we should raise taxes. i do not think the problem is that americans are not taxed enough. mr. sadler has been very candid that he would consider raising taxes on every single tax and who pays income tax is. >> that is not fair. >> if you would consider allowing all of the bush tax cuts to expire, that would raise taxes on every single tax and who pays income tax. are the texans to pay income taxes we would not raise taxes on? you did not have an answer. >> you will not put words in my mouth. i would say, the first place, we have to balance the budget, cut spending, and raise revenue to reduce the national debt. you have never
i think is liberal to cut taxes when you are operating a deficit, because you are spending money. >> i do not think your labels mean a lot. what i have said from the beginning -- the centerpiece of our problems is the national debt. we simply have to look at this. whether we do it this year because of the way our economy is or next year, $2.3 trillion. >> i want you to respond to this. >> i'm glad there is a clear contrast between the two of us. i do not believe we should...
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Sep 27, 2012
09/12
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that's what's added $4 trillion to our deficit. i mean, think about that. so we've created a mountain of debt for the next generation that they're going to have to pay off. >> sean: remember, under obama's watch household income has plummeted more than 8%, and he's added more debt than almost all of his predecessors combined. the president doesn't want to talk about his record because it's a record of failure. he's been disengaged from the moment he took office. not only is he not willing to meet with world leaders bike prime minister benjamin netanyahu, not willing to reach across the isle about serious matters. massive cuts and our defense are looming. the massive tax hike in history is imminent. mr. president, the solutions to those problems won't be reached by sitting on the couch of the "the view," nor found in jay-z's nightclub, nor in george clooney house. the author of a brand-new "new york times" bestseller is here. bob woodward. you said this is a moment of maximum peril. you described a president not engaged in terms of relationships to fix the p
that's what's added $4 trillion to our deficit. i mean, think about that. so we've created a mountain of debt for the next generation that they're going to have to pay off. >> sean: remember, under obama's watch household income has plummeted more than 8%, and he's added more debt than almost all of his predecessors combined. the president doesn't want to talk about his record because it's a record of failure. he's been disengaged from the moment he took office. not only is he not willing...
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Sep 28, 2012
09/12
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CNBC
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it's really important for the french government to meet the deficit target, the 3% public deficit target for the next year, because failing to reach this target would put france in a difficult situation. so far the country has been treated really well by the markets if you compare for instance with spain, but failing would put them in the same situation as spain and italy. >> where are you standing there and when are we expected to get the details of the budget? >> the budget will be presented at the weekly committee meeting in the next couple of minutes, but we don't have any public announcement only later this afternoon here at the budget ministry. the budget finance and budget minister will unveil the details. so this is where i'm standing right now and this is where we're going to have the details a bit later in the afternoon. >> we'll watch for all that. stefane from paris for us. let's swing over to steve sedgwick in madrid. and your location has seen protests, has basically been one of getting a sense of what the public is looking at. now you're at the stock exchange there. it see
it's really important for the french government to meet the deficit target, the 3% public deficit target for the next year, because failing to reach this target would put france in a difficult situation. so far the country has been treated really well by the markets if you compare for instance with spain, but failing would put them in the same situation as spain and italy. >> where are you standing there and when are we expected to get the details of the budget? >> the budget will...
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Oct 2, 2012
10/12
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of course everybody wants a tax cut, but if it's not going to cause bigger deficits, tell us how you're going to do it, and they won't do it. they won't say we're going to get rid of charitable deductions, won't get rid of homeowner, state and local. that's where all the money is. it's not little doodads here. joan, you take this one. he won't tell us. same question comes up wednesday night, can romney dodgeball it? can he say i'm not telling you how i'm going to do the major thing i promised to do, get the economy going through a tax cut, but i'm not going to tell you how i'm going to do it. can he get away with it with even the -- >> i hope not. i think this is a moment for jim lehrer to be very tough, respectful tough, and for president obama to come back at him and to say, look, i'm happy to see -- your running mate said he didn't have enough time on sunday. that's too bad. that's terrible, in fact. i'm willing to cede, governor romney -- >> could jim lehrer get away with simply saying, i have a little liberty here, a little leeway, i will give you all the time it takes. tell us now
of course everybody wants a tax cut, but if it's not going to cause bigger deficits, tell us how you're going to do it, and they won't do it. they won't say we're going to get rid of charitable deductions, won't get rid of homeowner, state and local. that's where all the money is. it's not little doodads here. joan, you take this one. he won't tell us. same question comes up wednesday night, can romney dodgeball it? can he say i'm not telling you how i'm going to do the major thing i promised...
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Sep 30, 2012
09/12
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WRC
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we're focused on a fescal deficit not a human deficit, and we have a human deficit in this country. we have 27 million people either unemployed, working part time, unwillingly, or dropping out of the labor market. >> schieffer: let me work michelle into this conversation. as you sit here hearing this, it's always education that seems to wind up at the back of the line. >> that's right, that's right. and i think that in education, you are already starting to see a shift. if you look at what happened a couple weeks ago in chicago. you have a democratic mayor, rahm emanuel, who is facing a $300 million deficit in the city, who is looking at 80% of the children in the city not operating on grade level in reading or mathematics. where they had the shortest school day and school year of anywhere in the country, and he's finally, uplike many democratic politicians, said enough is enough. i'm not going to give you these raises without-- what the union wanted was lifetime job security and absolutely no accountability. so he said we can't-- we can't continue on that track. and i think for him
we're focused on a fescal deficit not a human deficit, and we have a human deficit in this country. we have 27 million people either unemployed, working part time, unwillingly, or dropping out of the labor market. >> schieffer: let me work michelle into this conversation. as you sit here hearing this, it's always education that seems to wind up at the back of the line. >> that's right, that's right. and i think that in education, you are already starting to see a shift. if you look...
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Oct 2, 2012
10/12
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country and cutting back in the other deductions. 0er wise all it does is increase the size of the deficit. >> thanks. we do need to simplify the tax code. it is 72,000 pages long, and there is by patterson support to do that. -- bipartisan support to do that. we need to lower the corporate tax rate. we are at 35%, the highest among our trading partners. i is suggested over a year ago to lower it to 24%. we need to repeal the death tax. here in nebraska we have done that. we need to see that happen at the federal level as well. we need to repeal the alternative minimum tax. that is a tax that was set up to capture income from wealthier individuals, a parallel tax. instead we see that it is dipping down into the middle- class. now one in five people in the middle-class are paying that tax. yes, we need to close loopholes, and i can tell you just in my visits with senators that there is a consensus to move forward in a bipartisan manner to do that. >> senator? >> i agree with us. we passed i.r.s. reform that gave the agency a tremendous amount of power in dealing with the i.r.s. senator fish
country and cutting back in the other deductions. 0er wise all it does is increase the size of the deficit. >> thanks. we do need to simplify the tax code. it is 72,000 pages long, and there is by patterson support to do that. -- bipartisan support to do that. we need to lower the corporate tax rate. we are at 35%, the highest among our trading partners. i is suggested over a year ago to lower it to 24%. we need to repeal the death tax. here in nebraska we have done that. we need to see...
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Oct 2, 2012
10/12
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CNNW
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issues like cutting taxes without ballooning the deficit or burdening the middle class. the romney campaign has been asked again and again for specifics. here's running mate paul ryan just yesterday on fox news. >> there's been a traditional democrat and republican consensus lowering tax rates by broadening the tax base works. and you can -- >> i have to -- you haven't given me the math. >> well, i don't have -- it would take me too long to go through all of the math. >> chris wallace kept trying but came away empty-handed. he's not the only one. take a look. >> which of the deductions are you going to be willing to eliminate? which of the tax credits are you going to -- when are you going to be able to tell us that? >> we'll go through that process with congress. >> give me an example of a loophole that you will close. >> i can tell you that people at the high end, high income taxpayers, are going to have fewer deductions and exemptions. >> mitt romney and i based on our experience think the best way to do this is to show the framework, show the outlines of these plans
issues like cutting taxes without ballooning the deficit or burdening the middle class. the romney campaign has been asked again and again for specifics. here's running mate paul ryan just yesterday on fox news. >> there's been a traditional democrat and republican consensus lowering tax rates by broadening the tax base works. and you can -- >> i have to -- you haven't given me the math. >> well, i don't have -- it would take me too long to go through all of the math. >>...
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Sep 30, 2012
09/12
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WMAR
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not just from a foreign policy standpoint, one of the reasons that we have huge deficits we have these unpaid wars. the voters also view these foreign issues through a prism. >> david plouffe, thank you very much >>> we'll be right back with our powerhouse roundtable in just 60 seconds. it's something you're born with. and inspires the things you choose to do. you do what you do... because it matters. at hp we don't just believe in the power of technology. we believe in the power of people when technology works for you. to dream. to create. to work. if you're going to do something. make it matter. >>> quick change there. george will is off today. we're joined by donna brazile on the roundtable. matthew dowd. maggie haberman of politico. howard dean for the democrats. and former governor haley barbour for the republicans. matthew dowd, let me begin with you, setting the stage where the race is right now, we see president obama ahead five points nationally, right now, ahead in all of the battleground states, what happened in september? >> i think, this race, if it's a five-point race, is
not just from a foreign policy standpoint, one of the reasons that we have huge deficits we have these unpaid wars. the voters also view these foreign issues through a prism. >> david plouffe, thank you very much >>> we'll be right back with our powerhouse roundtable in just 60 seconds. it's something you're born with. and inspires the things you choose to do. you do what you do... because it matters. at hp we don't just believe in the power of technology. we believe in the power...
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Oct 3, 2012
10/12
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FOXNEWSW
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and the deficit, is what we are already owe, what we owe. i don't know. >> they will talk about the fiscal cliff. do you know what that actually is? >> i do not of the have no include about that. >> i am from washington and have no clue. >> reporter: whabout medicare and medicaid? >> my parents do my health insurance. i know about abortion and gay marriage. >> less about details and policy but more what the kind of person a presidential candidate is. >> reporter: he says debates are often about impressions, not words. they remember gore's sighing and awkward body language and impatient george bush checking his watch. >> who am i? why am i here. >> reporter: and one-liners. >> jack kennedy was a friend of mind. senator, you're no jack kennedy. >> i'm not going to exploit for political purposes, my opponent's youth and inexperience [laughing] >> people translated statements and gestures into insight into a candidate's character. it's all about character. >> reporter: now it is not that voters value style over substance but remember some of the
and the deficit, is what we are already owe, what we owe. i don't know. >> they will talk about the fiscal cliff. do you know what that actually is? >> i do not of the have no include about that. >> i am from washington and have no clue. >> reporter: whabout medicare and medicaid? >> my parents do my health insurance. i know about abortion and gay marriage. >> less about details and policy but more what the kind of person a presidential candidate is. >>...
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Oct 3, 2012
10/12
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CSPAN
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i think is liberal to cut taxes when you are operating a deficit, because you are spending money. >> i do not think your labels mean a lot. what i have said from the beginning -- the centerpiece of our problems is the national debt. we simply have to look at this. whether we do it this year because of the way our economy is or next year, a two-door 0.3 trillion -- 2.3 doris trillion -- >> i want you to respond to this. >> i'm glad there is a clear contrast between the two of us. i do not believe we should raise taxes. i do not think the problem is that americans are not taxed enough. mr. sadler has been very candid that he would consider raising taxes on every single tax and who pays income tax is. >> that is not fair. >> if you would consider allowing all of the bush tax cuts to expire, that would raise taxes on every single tax and who pays income tax. are the texans to pay income taxes we would not raise taxes on? you did not have an answer. >> you will not put words in my mouth. i would say, the first place, we have to balance the budget, cut spending, and raise revenue to reduce
i think is liberal to cut taxes when you are operating a deficit, because you are spending money. >> i do not think your labels mean a lot. what i have said from the beginning -- the centerpiece of our problems is the national debt. we simply have to look at this. whether we do it this year because of the way our economy is or next year, a two-door 0.3 trillion -- 2.3 doris trillion -- >> i want you to respond to this. >> i'm glad there is a clear contrast between the two of...
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Sep 30, 2012
09/12
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in terms of what how far he will go in curbing the deficit. and addressing the fiscal cliff. and then, he will have an opportunity, he will have basically a whole new administration. his cabinet will be gone. most of the people that he relies on in the white house will be moving on. and so, there's an opportunity for him to really set a new agenda. if he wins by a big margin, which the polls suggest is possible, he'll be less, i think willing to change his operating style. but one of the major criticisms is that he hasn't reached out enough to capital hill. so you may see a president sending both signals of strength, but also offering the olive branch. and if he wins the hispanic vote, 70-30, which is possible, you might see a republican party suddenly willing to address immigration reform because they'll want to get that issue off the table. otherwise, they'll never win another national election. >> i want to advance the point that eleanor just made there, president obama, he's been criticized by some even in his own party, for not being as engaged with members of congress a
in terms of what how far he will go in curbing the deficit. and addressing the fiscal cliff. and then, he will have an opportunity, he will have basically a whole new administration. his cabinet will be gone. most of the people that he relies on in the white house will be moving on. and so, there's an opportunity for him to really set a new agenda. if he wins by a big margin, which the polls suggest is possible, he'll be less, i think willing to change his operating style. but one of the major...